KBC Group NV Buys 842 Shares of Universal Display Co. (NASDAQ:OLED)

KBC Group NV lifted its stake in shares of Universal Display Co. (NASDAQ:OLED) by 79.4% in the fourth quarter, HoldingsChannel reports. The fund owned 1,903 shares of the semiconductor company’s stock after acquiring an additional 842 shares during the period. KBC Group NV’s holdings in Universal Display were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in shares of Universal Display in the third quarter worth approximately $29,000. Brooklyn Investment Group purchased a new position in shares of Universal Display during the 3rd quarter valued at $30,000. V Square Quantitative Management LLC bought a new position in Universal Display in the 3rd quarter worth $31,000. Nisa Investment Advisors LLC increased its stake in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after buying an additional 65 shares in the last quarter. Finally, True Wealth Design LLC bought a new stake in Universal Display during the third quarter valued at about $36,000. Institutional investors own 78.19% of the company’s stock.

Universal Display Price Performance

NASDAQ:OLED opened at $142.98 on Tuesday. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 1.64 and a beta of 1.39. Universal Display Co. has a 1 year low of $142.15 and a 1 year high of $237.00. The stock’s 50 day simple moving average is $152.83 and its two-hundred day simple moving average is $179.99.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OLED. Needham & Company LLC reiterated a “buy” rating and set a $215.00 target price on shares of Universal Display in a research report on Thursday, January 16th. Oppenheimer cut their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Finally, TD Cowen lowered their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $212.50.

Universal Display Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.